---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292202023.md"
description: "New York Fed President Williams (who holds a permanent vote on the FOMC and is regarded as the third-most powerful figure at the Federal Reserve): Issues related to stablecoins are still in the early stages. Stablecoins are more about payment functionality than store of value. Stablecoins have not led to rising financial stability risks"
datetime: "2026-07-09T13:00:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292202023.md)
  - [en](https://longbridge.com/en/news/292202023.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292202023.md)
---

# 

New York Fed President Williams (who holds a permanent vote on the FOMC and is regarded as the third-most powerful figure at the Federal Reserve): Issues related to stablecoins are still in the early stages. Stablecoins are more about payment functionality than store of value. Stablecoins have not led to rising financial stability risks.

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